Gabbots Farm shops swallowed by Crawshaw
NORTH West delicatessen and butchers business Gabbots Farm has been sold for £3.9m.
The company based at Astley near Wigan has been snapped up by Yorkshire based Crawshaw Group.
Gabbotts Farm (Retail) operates 11 retail butchers units, including a factory meat mart attached to a small distribution centre.
It generated a turnover of £10.8m and an EBITDA of £800,000 before group management fees and one off costs, for the financial year ended 31 December 2014.
Crawshaw said the acquisition will increase earnings immediately and provide it with access to customers in a new geographical region, as well as presenting the potential for operational synergies to further enhance profitability.
Chief executive officer, Noel Collett, said: “This acquisition provides a well established retail portfolio and factory operation in a new geographical region which is an integral part of our expansion strategy and the start of our exciting journey of achieving 200 stores.
“Furthermore, the operational synergies and the new supply chain network can rapidly enhance sales and profitability”.
